Impact of Information Technology on Modern Accounting Practices and Finances in Australia

Running Head: APPLIED BUSINESS RESEARCH
APPLIED BUSINESS RESEARCH

APPLIED BUSINESS RESEARCH 2
Abstract
The key purpose investigation is to assess impact of information technology into modern
accounting practices as well as, finances with respect to Australia. This investigation
demonstrated that how IT is imperative in accounting and management controlling activity.
However, in previous research, it has not been researched significantly.
This investigation is supportive for avoiding the concern. This research proposal involves some
components like introduction, literature review and research methodology. Under introduction
element, this investigation has involved the topic of research, aim as well as objectives, proposal
structure. Under second section, this study discusses that information technology as well as
innovation has significant effect on management accounting structure.
Under research design section, it is demonstrated that mixed research method will be
implemented to gather theoretical as well as, practical facts associated with research concerns.
This research proposal is considered data collected methods like both primary as well as
secondary data gathering tools. Both interview and survey tools would be implemented for
gathering the information. In addition to this, statistical data evaluation will be implemented for
assessing the gathered data in effective manner. This investigation illustrates that ethical
consideration is supportive in completing research within ethical way.

APPLIED BUSINESS RESEARCH 3
Table of Contents
Abstract........................................................................................................................................2
Introduction to the research.............................................................................................................4
Research background...................................................................................................................4
Research Questions and Research Objectives.............................................................................4
Research question........................................................................................................................5
Outline the structure of this proposal...........................................................................................5
Introduction..............................................................................................................................5
Literature review......................................................................................................................5
Research methodology.............................................................................................................5
Theoretical Background/Literature review......................................................................................5
Research Design and Methodology...............................................................................................11
Type of research (exploratory, descriptive or causal)................................................................11
Research approach (quantitative, qualitative or mixed approach).............................................11
Type of data will be used (primary or secondary data)..............................................................12
Data collection...........................................................................................................................12
Sampling....................................................................................................................................12
Data analysis..............................................................................................................................13
Ethical consideration..................................................................................................................14
References......................................................................................................................................15

APPLIED BUSINESS RESEARCH 4
Introduction to the research
Research background
Under investigation field, it is required for the company to gain their knowledge about
technology as well as, understanding the significance of accounting as well finance. The largest
concern that is faced through organization is competency of company for developing and
practicing the computerized structure to track the record related to financial transactions. This is
evaluated that IT (information technology) networking system can have shortened required time
by accountants for creating and presenting financial information of management (Puasa, et al.,
2019).
It is addressed that technology can secure all financial data of the corporation because it can gain
the possibility regarding the success of firm. Finance is a significant element of company. In the
case of lack of finance, company cannot deal their business significantly. It is evaluated that
there are different tasks which might be confronted by company during execution within an
organization. These are lack of understanding regarding experts regarding the execution of
technology as well as, cost of technology (Budiarto, et al., 2018).
Research Questions and Research Objectives
The key intention of this investigation is to assess the execution of tool in accounting and finance
sector. The given below purpose of this stuyd would be entailed by researcher for attaining the
task of investigation:
 To discover the role of technology in accounting and finance
 To explore, the challenges faced by the organization to implement IT in accounting and
finance